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Engineering Economics and Management
Institutions providing this programme
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Summary of the Profile
General Description:
Objective(s) of a study programme:
To train Master‘s degree holders in management, who are able to creatively apply a novel knowledge of engineering economics and management thus seeking to effectively manage economical and managerial processes in the changing environment, to create value for consumers and to be ready for implementation of scientific research and self-improvement throughout lifelong learning.
Learning outcomes:
Knowledge of engineering economy and management theories, methodology of scientific researches, strategic management, marketing, management accounting, and business law applied for evaluation of economical and business management processes, solving problems and tasks of aviation and e-business, manufacture, innovation management, business projection and leadership by choosing an appropriate methodology and techniques for doing scientific research in the fields of economy and management.
The ability to separately choose, analyse, and synthesize the required results of research for evaluation of the state of organization management, to integrate management knowledge of organizations’ and basic professional skills in selecting the most appropriate management decisions and evaluating their potential impact on the environment thus seeking the harmony of social and economic processes.
The ability to integrally apply knowledge of management of airports, airline companies and navigation enterprises, flight safety, aviation law and logistics for preparation of a series of measures necessary for the effective management of processes taking place in aviation organizations and implementing innovations.
The ability to adapt knowledge of specialisation subjects (technology management, e-marketing and e-business decisions) preparing new information, managerial and methodological means necessary for the evaluation and management of e-business processes.
The ability to adopt knowledge of strategic development, production and anti-crisis management preparing the means of production optimisation required for the evaluation of production processes, effective management and innovation implementation.
The ability to adapt innovation management theories, knowledge of innovation projection, marketing and high-technologies management, making innovative decisions (technical, technological, informative and managerial) needed for the creation, spread and adapt innovations in organizations.
The ability to apply vicissitude and demand formation principles of projected businesses and evaluate factors and the rational use of criteria for required resources preparing a methodology and instruments of project management needed to secure the performance of multifunctional business projection.
The ability to apply knowledge of modern entrepreneurship, learning organization and labour market in the context of sustainable public development creating conditions for employees to reveal initiative and creativeness; the ability to prepare innovative business decisions and implement them while competing with the exceptional potential of the leader.
The ability to convey scientifically based knowledge to business experts, and similar, systematically transmit evaluation results, while having critically and complexly assessed the quality of economic and business management results using the principles of professional ethics; the ability to formulate and submit socially responsible offers.
The ability to independently use knowledge of engineering economy and management, to creatively develop scientific activity evaluating the innovation aspects of activity, to influence the environment and implement the principles of lifelong learning.
Activities of teaching and learning:
While focussing the Programme on student's self-learning and lifelong learning, the development of teaching and training (learning) forms such as problem teaching, problem-conversation considering the situation, case studies, problem-based tasks, interactive (computerized) tasks, discussions, presentations of the results of the carried out independent tasks, paper writing, project development, individual and group (team) work, brainstorming, maps of ideas, concepts and knowledge, the expert method, etc. has been taking place.
Methods of assessment of learning achievements:
Methods for assessing achievements in studies such as oral testing methods (individual, frontal survey), testing methods in writing (questionnaire, tests, control works, etc.), practical testing methods (exams, reports, etc.) are applied in order to check whether students have achieved provided learning outcomes. For assessing abilities to problem-solving, various evaluation methods are employed and cover the observation of group and individual presentations, conversation, report analysis, testing with the help of asking open or semi-open questions, etc.
The Programme provides that individual tasks can be assessed by the student himself/herself (self-assessment), a group of students or a tutor. Student (self-) evaluation presents the opportunity to be active participants in the process of assessing learning outcomes, allows learning more about the evaluation process, establishing and applying criteria as well as evaluator‘s responsibility; students get more involved in the pros and cons of the works done; they acquire (self-) evaluation abilities necessary for training activity.
Framework:
Study subjects (modules), practical training:
The second-cycle (Master‘s degree) study Programme is made of three target parts: subjects of the field of study, the subjects set by the University (compulsory and optional subjects – 14 credits) and the final thesis. Compulsory subjects consist of the course units required for practical activity after graduation. Optional subjects are made of alternatives providing a deeper knowledge of certain course units, which is useful for professional activities.
The topics of course units do not reiterate and are logically arranged.
6 credits are required for training practice that is a complex part of the studying process provided in the specialization of the study programme and combines theoretical knowledge gained studying the course units of Engineering Economics and Management and specialization dealing with the problems related to this field. Practice is performed in Lithuanian and foreign organizations. In the course of practise, Master‘s degree students become familiar with the processes related to their specialization in the organization, acquire practical abilities and skills in using modern management theories and complexly analyse and solve training tasks associated to their specialization.
A plan for the Programme can be revised more thoroughly in VGTU information system:
https://medeine.vgtu.lt/programos/programa.jsp?fak=11&prog=320&sid=F&rus=U&klb=en
Specialisations:
Aviation Management;
E-Business Management,
Business Projection;
Entrepreneurial Leadership;
Innovation Management;
Production Management
Optional courses:
Optional courses are as follows: Business law; Management Accounting; Flight Safety, Strategic Management; Marketing
Distinctive features of a study programme:
The Programme accepts applicants from technological sciences and physical sciences.
The Programme provides a deep knowledge of business and economics. Demand for such kind of knowledge arises from the necessity for approving the laws that develop in the scope of innovative activities in business and economics. The maximization of benefits from such activities has be evident and economically approved taking into account the resources used.
Access to professional activity or further study:
Access to professional activity:
Master can work in various profile international and national organizations as engineering economics and management specialist, is able to carry out and apply results of independently scientific and applied researches, to form and make valid decisions in the fields of e-business, production, innovations, aviation management, entrepreneurial leadership and business projection, continue studies in the postgraduate (Doctoral) studies.
Access to further study:
Has the access to the postgraduate (Doctoral) studies after finishing Engineering Economics and Management Master programme.
